Domino’s Pizza, Inc. (NYSE:DPZ) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have earned a consensus rating of “Moderate Buy” from the thirty analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $495.76.

A number of research analysts have weighed in on the company. Robert W. Baird reduced their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Benchmark reiterated a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Oppenheimer reiterated an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Finally, Evercore ISI lowered their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research report on Monday, October 7th.

Domino’s Pizza Stock Up 0.6 %

NYSE:DPZ opened at $475.38 on Friday. The firm’s fifty day simple moving average is $431.89 and its 200 day simple moving average is $454.67. The stock has a market cap of $16.41 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 2.55 and a beta of 0.86. Domino’s Pizza has a twelve month low of $386.88 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $4.18 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that Domino’s Pizza will post 16.82 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.27%. Domino’s Pizza’s payout ratio is 37.10%.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Charles Schwab Investment Management Inc. boosted its holdings in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after buying an additional 2,201 shares during the last quarter. Commerce Bank boosted its stake in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after acquiring an additional 1,404 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Domino’s Pizza by 866.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after acquiring an additional 44,688 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Domino’s Pizza by 130.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock worth $1,232,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Domino’s Pizza by 422.7% in the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator’s stock worth $3,836,000 after purchasing an additional 6,244 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.